IFRS 16, published by the International Accounting Standards Board, came into effect on 1 January 2019. Most organisations operating in Asia Pacific are aware of this new standard but may not be aware how best to make the transition.

Singapore remains a strong and stable environment in which to do business, sitting comfortably among the 10 least complex jurisdictions in the world for accounting and tax compliance, according to TMF Group's second annual Financial Complexity Index 2018